Key Points
- Director Judson Gray Teekell sold 2,700 shares of MIAX at an average of $40.00 on April 2 for about $108,000, trimming his stake to 59,338 shares (a 4.35% decrease); the trade was executed under a pre-arranged Rule 10b5-1 plan and disclosed in an SEC filing.
- Miami International beat quarterly expectations with $0.52 EPS (consensus $0.41) and revenue of $369.43M (up 14% year-over-year), and the stock trades with a market cap of about $3.68B and a 52-week range of $28.63–$51.38.
- Analyst coverage is mixed with a consensus rating of "Hold" and a consensus price target of $48.00, while institutions such as Vanguard and Invesco have recently amassed or increased large positions in the company.
Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) Director Judson Gray Teekell sold 2,700 shares of Miami International stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $40.00, for a total value of $108,000.00. Following the sale, the director directly owned 59,338 shares of the company's stock, valued at approximately $2,373,520. The trade was a 4.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Miami International Price Performance
MIAX opened at $40.15 on Friday. The company has a market capitalization of $3.68 billion and a PE ratio of 74.34. Miami International Holdings, Inc. has a fifty-two week low of $28.63 and a fifty-two week high of $51.38. The business has a 50-day moving average of $40.51 and a 200-day moving average of $42.69.
Miami International (NYSE:MIAX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.41 by $0.11. The firm had revenue of $369.43 million during the quarter, compared to the consensus estimate of $121.13 million. Miami International's revenue for the quarter was up 14.0% on a year-over-year basis.
Analysts Set New Price Targets
MIAX has been the topic of several analyst reports. Weiss Ratings restated a "sell (d+)" rating on shares of Miami International in a research note on Friday, March 27th. Wall Street Zen cut shares of Miami International from a "buy" rating to a "hold" rating in a report on Saturday, March 28th. Zacks Research downgraded shares of Miami International from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 1st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $59.00 price target on shares of Miami International in a research report on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $48.00.
Get Our Latest Stock Report on Miami International
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. bought a new stake in Miami International during the third quarter valued at about $55,660,000. Alyeska Investment Group L.P. bought a new position in shares of Miami International in the third quarter worth about $50,959,000. Invesco Ltd. lifted its position in shares of Miami International by 178.8% during the 4th quarter. Invesco Ltd. now owns 1,278,966 shares of the company's stock worth $56,761,000 after purchasing an additional 820,246 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Miami International during the 3rd quarter valued at approximately $32,679,000. Finally, North Reef Capital Management LP acquired a new stake in Miami International in the 3rd quarter valued at approximately $29,221,000.
Miami International Company Profile
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Get Free Report)
Miami International (NYSE:MIAX) is a U.S. exchange holding company that operates electronic trading venues and provides market infrastructure for listed options and related products. Its primary business activities include operating regulated exchanges, delivering market data feeds, and offering trading technology and connectivity services designed for professional traders, broker-dealers, and market makers. The company focuses on low-latency execution, order matching, and the operational controls required to support high-volume, automated trading strategies in listed derivatives.
Products and services provided by Miami International include fully electronic order matching engines, transmittable market data and feed products, colocation and connectivity solutions, and tools for risk management and regulatory compliance.
Further Reading
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